HolyCoast: Obama Funneling Money to His Cronies at Big Algae

Wednesday, March 21, 2012

Obama Funneling Money to His Cronies at Big Algae

Pond scum has a connection to Obama-Biden. Imagine that:
President Obama’s most recent green energy fixation — algae — may suffer from the accusations of cronyism that have plagued his broader effort to promote non-fossil fuel energy sources through massive federal subsidies.

Solazyme, a San Francisco-based firm that specializes in the plant matter, has received more than $25 million in federal grants and contracts as part of Obama administration’s controversial stimulus package, and is poised to receive millions more as part of the president’s recent efforts to promote green biofuels such as algae.

The firm employs a former member of the Obama-Biden transition team who, according to one online bio, “played a key role in developing the energy provisions in the economic stimulus bill.”

TJ Glauthier, who is listed as a “strategic adviser” and corporate board member, previously held a number of high-ranking posts in the Clinton Administration, including deputy secretary and chief operating officer of the U.S. Department of Energy.

Glauthier’s bio on the Solazyme website used to note that he “focused primarily on the energy portion of the economic stimulus bill,” but has since been amended to remove all reference to his work in the Obama administration.
I'm beginning to think that any company with a name that starts with "Sol" should automatically be considered a scam.

1 comment:

Larry said...

Use it to your advantage. Send a complimentary letter to the White House on letterhead for some company called Sol-Insky, and wait for the grant money to come pouring in.